Post-effective amendment to a registration statement that is not immediately effective upon filing

NET LOSS PER SHARE

v3.21.2
NET LOSS PER SHARE
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
NET LOSS PER SHARE  

 

17. NET LOSS PER SHARE

 

Net loss per share is computed using the weighted average number of shares of common stock outstanding less the number of shares subject to repurchase.

 

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except for share data):

 

                 
    Years Ended December 31,  
    2020     2019     2018  
Numerator:                  
Net loss   $ (25,643 )   $ (51,981 )   $ (35,292 )
                         
Denominator – basic and diluted:                        
Weighted average common shares outstanding     669,534       669,534       254,679  
                         
Net loss per share – basic and diluted   $ (38.30 )   $ (77.64 )   $ (138.57 )

 

The following table sets forth the amounts excluded from the computation of diluted net loss per share as their effect was anti-dilutive:

 

               
    Years Ended December 31,  
    2020     2019  
Stock options outstanding (a)     958,782       888,621  
Non-vested shares of restricted stock     68,557       14,200  
Preferred stock and warrants (b):                
Convertible Preferred Stock                
Series B     —       72,123  
Series B-1     72,123       —  
Series C     —       416,667  
Series C-1     416,667       —  
Series D     1,080,993       1,450,993  
Series D-1     325,203       325,203  
Series D-2     370,000       —  
Senior Convertible Preferred Stock                
Series E     615,231       615,231  
Series E-1     393,511       393,511  
Series F     352,076       352,076  
Series F-1     46,325       46,325  
Series G     740,987       —  
Series H     168,288       —  
Warrants                
Series D and D-1 warrants     365,854       365,854  
Series H warrants     139,428       —  

 

 

(a) If the Company had reported net income, the calculation of these per share amounts would have included the dilutive effect of these common stock equivalents using the treasury stock method for stock options.

(b) The convertible preferred stock and warrants referred to in Note 14 were also excluded on an as converted basis because their effect would have been anti-dilutive.

 
Airspan [Member]    
NET LOSS PER SHARE

 

14. NET LOSS PER SHARE

 

Net loss per share is computed using the weighted average number of shares of common stock outstanding less the number of shares subject to repurchase.

 

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except share data):

 

                                 
                               
   

Three Months Ended

June 30,

    

Six Months Ended

June 30,

  
    2021     2020     2021     2020  
Numerator:                                
Net loss   $ (10,418 )   $ (11,053 )   $ (23,967 )   $ (24,068 )
                                 
Denominator - basic and diluted:                                
Weighted average common shares outstanding     670,043       669,534       669,839       669,534  
                                 
Net loss per share - basic and diluted   $ (15.55 )   $ (16.51 )   $ (35.78 )   $ (35.95 )

 

The following table sets forth the amounts excluded from the computation of diluted net loss per share as their effect was anti-dilutive:

 

                               
    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2021     2020     2021     2020  
Stock options outstanding (a)     1,018,125       980,946       1,018,125       980,946  
Non-vested shares of restricted stock     72,989       68,557       72,989       68,557  
Preferred stock and warrants (b):                                
Convertible Preferred Stock                                
Series B     —       72,123       —       72,123  
Series B-1     72,123       —       72,123       —  
Series C     —       416,667       —       416,667  
Series C-1     416,667       —       416,667       —  
Series D     1,080,993       1,450,993       1,080,993       1,450,993  
Series D-1     325,203       325,203       325,203       325,203  
Series D-2     370,000       —       370,000       —  
Senior Convertible Preferred Stock                                
Series E     615,231       615,231       615,231       615,231  
Series E-1     393,511       393,511       393,511       393,511  
Series F     352,076       352,076       352,076       352,076  
Series F-1     46,325       46,325       46,325       46,325  
Series G     740,987       464,566       740,987       464,566  
Series H     181,294       —       181,294       —  
Warrants                                
Series D and D-1 warrants     162,602       585,624       162,602       585,624  
Series H warrants     145,931       —       145,931       —  

 

  (a) If the Company had reported net income, the calculation of these per share amounts would have included the dilutive effect of these common stock equivalents using the treasury stock method for stock options.

 

  (b) The convertible preferred stock and warrants referred to in Note [11] were also excluded on an as converted basis because their effect would have been anti-dilutive.